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In the Netherlands Civil Code (the NCC) there is a fairly odd article 1:88 that provides that a person requires the consent of his or her spouse for certain legal transactions. One of the mentioned transactions is instalment buying (koop op afbetaling), with an exception for objects (zaken) that only or mainly serve for the normal conduct of the person's profession or business. The consent must be given in writing if the law states a formality must be carried out to perform the legal transaction. Any legal transaction performed by a spouse in breach of this article is voidable. Only the other spouse may claim a ground for avoidance.

A new law that governs financial guarantee contracts, Decree-law 105/2004 of May 8, entered into force in June 2004. Decree law 105/2004 transposes EU Directive 2002/47/EU into Portuguese law.

In July 2004 the Jakarta Stock Exchange (JSX) issued a decree that revisits the requirements and procedures for delisting and relisting on the stock exchange. Certain provisions under a decree of the JSX board of directors made in 2000 were declared invalid.

Foreign investors have always viewed Press Note 18 with apprehension because it does not allow them to proceed with investments if they have taken part in previous local ventures in the same field to proceed unless the investment is backed by a no-objection certificate (NOC) from the previous local partner. This has in some cases resulted in near blackmail of the foreign investor, as obtaining an NOC became a mandatory pre-requisite for entry into India.

Offshore firm Maples and Calder has acquired a firm in the British Virgin Islands (BVI) and opened a new office in Jersey, but has also lost a team of lawyers to offshore rival Mourant du Feu & Jeune.

Lenders to Korea's first toll road backed by a private investor structured the security package to eliminate almost all construction risk. Dong-Eun Kim and Yong-Jae Chang explain how

The ill-effects of rules forcing banks to consolidate certain financing vehicles onto their balance sheets have been less severe than expected, reports Ben Maiden

European proposals on solvency requirements for life reinsurers could quadruple existing capital requirements, says Standard & Poor's.

Japan: bengoshi are crossing over to international firms Law firms in Japan are racing to convince senior lawyers at rival practices to switch firms as next April's market liberalization approaches.

Bank of Ireland has launched the jurisdiction's first mortgage-covered bond, testing both the market's appetite and the legislation permitting such bonds with a three times oversubscribed €2 billion offering.